Mineral Hill Industries Ltd.: Corporate Update
(firmenpresse) -
CORPORATE UPDATE
Richmond, BC, Canada - December 21, 2016
Mineral Hill Industries Ltd. (the Company or Mineral Hill) wishes to announce that at its Annual and Special General Meeting held on December 16, 2016 (the ASGM), Messrs. Rafael Pinedo, Grant Hendrickson, Andrew von Kursell, Dieter Peter, Eric Peter-Kaiser and Milo Filgas were re-elected as directors and Davidson & Company LLP were re-appointed as the Companys auditors.
Also at the AGM, the Companys shareholders passed a special resolution approving an amendment to the Companys Articles authorizing the Company to issue non-voting convertible preferred shares (Pref-A Shares). As stated in the Companys April 21, 2016 and September 13, 2016 news releases, upon receiving final approval from the TSXV, the Company will issue 2.25 million Pref-A Shares at a par value of CAD 1.00 per Pref-A Share to the Shareholders-SPA in proportion to their respective shareholdings in CPS, as defined in the SPA. The Pref-A Shares will be convertible into common shares of Mineral Hill on a one-for-one basis any time subsequent to their issuance and may be subject to an escrow agreement subject to the escrow requirements of the TSXV.
At the board meeting (the Board Meeting) held immediately after the AGM, the following officers and committee members were appointed:
Officers-
President & CEO: Dieter Peter
Interim Chief Financial Officer: Andrew von Kursell
Treasurer & Accounting Administrator: Vera Kaiser
Corporate Secretary: Michael Kelm
Audit Committee
Andrew von Kursell
Rafael Pinedo
Milo Filgas-
Steering Committee
Andrew von Kursell
Dieter Peter
James Holmes
Corporate Governance & HR Committee
Dieter Peter
James Holmes
Rafael Pinedo
Grant Hendrickson-
Environmental & Safety Committee
Andrew von Kursell
Grant Hendrickson
Eric Peter-Kaiser
Exploration Committee
James Ellwood
Rafael Pinedo
Grant Hendrickson
Remi Aiyala
Anthony Campbell-
Advisory Board
Eric Peter-Kaiser
Also at the Board Meeting, the board of directors (the Board) nominated and approved Messrs. Dieter Peter, James Holmes, Eric Peter-Kaiser and Dr. Juergen Focke as directors of its subsidiary Global Environomic Systems Corp. (GSC). Mr. Peter was also appointed President and CEO and Mr. Michael Kelm was appointed Corporate Secretary of GSC. The Board also authorized the creation and incorporation of an operating subsidiary and, upon receiving final approval of the Companys Fundamental Acquisition of 45% of the outstanding shares of CPS Energy Resources Plc (CPS) from the TSXV, authorized the Company to accept the transfer to Mineral Hill of the UK incorporated financial subsidiary, MHI Mass-Energy Financing Plc (MMF).
The Company also granted an aggregate of 798,000 incentive stock options to its officers, directors and employees at an exercise price of $0.30 per share. The options are granted for a three-year period and the grant is subject to vesting provisions.
The Company seeks Safe Harbor
For further information, please contact:
Dieter Peter
President & CEO Phone: (604) 278-1135
Mineral Hill Industries Ltd.
-Mayfield Business Centre-
#1140-13700 Mayfield Place,
Richmond, BC, V6V 2E4
Canada
Ph: 604-278-1135
Fx: 604-278-1139
Email: info(at)mineralhill.com
www.mineralhill.com
Trading Symbols:
TSX Venture Exchange: MHI
Frankfurt Xetra: N8Z1/WKN: AODLHP
OTC Market (US): MHIFF
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
" alt="TerraX samples up to 33.6 g/t Au in surface sampling at Southbelt propertyDatum: 21.12.2016 - 20:35 Uhr
Sprache: Deutsch
News-ID 514382
Anzahl Zeichen: 4095
contact information:
Town:
Wien
Kategorie:
Business News
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